Topic “Featured News” — Exporter Magazine

Australia’s Qantas Airways has announced a hike in fuel surcharges on international routes, for the third month in a row, in response to continuing rises in oil and jet fuel prices, according to the Shipping Gazette. Speculative demand has pushed coffee prices up through the $3 a pound barrier, taking them to their highest level for over 30 years, according to BeverageDaily.com. A new fragrance confectionery that claims to leave the consumer smelling like roses has hit the shelves recently, according to ConfectionaryNews.com. Auckland-based Living Cell Technologies Limited, a company developing cell implant therapy to treat diabetes, says it has entered into an agreement to raise A$3 million through a placement of shares to Otsuka Pharmaceutical Factory, Inc from Japan. APL, the container shipping arm of Singapore’s shipping and logistics group Neptune Orient Lines, has announced it will scan export containers for nuclear radiation at its terminal at Yokohama, according to the Shipping Gazette. Saudi Arabia, which holds one-fifth of global oil reserves, aims to pursue renewable energy and nuclear power to help reduce by half the crude and natural gas it burns now to generate electricity, according to GulfNews.com. According to GulfNews.com, consistent with what has been seen in the last decade, Indian demand for gold will be driven by savings and real income levels and not by price.